1. Includes shares of IRC that are owned by Inland American Real Estate Trust, Inc. ("American"), Retail Properties of America, Inc. ("RPAI") and Inland Diversified Real Estate Trust, Inc. ("Diversified") in accounts managed by Inland Investment Advisors, Inc. ("IIAI"). The Reporting Persons disclaim beneficial ownership of shares owned by American, RPAI and Diversified except to the extent of their respective direct and indirect ownership of those entities.

2. Includes 1,849,523 shares of common stock owned by Mr. Goodwin and/or his spouse. Also includes shares of common stock owned directly by the following entities in the following amounts: 899,820 by American; 315,820 by RPAI; 75,000 by Diversified; 9,091 by The Inland Group, Inc. ("TIGI"); 207,657 by IMIC Stock Holding Corporation; 7,212,118 by Inland Investment Stock Holding Corporation ("IISHC"); 137,110 by Partnership Ownership Corporation; and 1,304,058 by Eagle Financial Corporation. The latter four entities and Inland Real Estate Investment Corporation ("IREIC") are wholly owned subsidiaries of TIGI. IIAI, IISHC and POC are wholly owned subsidiaries of IREIC. Mr. Goodwin is the controlling shareholder of TIGI and disclaims beneficial ownership of shares owned by TIGI and its subsidiaries except to the extent of his respective ownership of those entities.

3. Total includes the purchase of 154,192 shares of common stock acquired through dividend reinvestment plans since September 17, 2011.

/s/ Daniel L. Goodwin

06/04/2012

The Inland Group, Inc. /s/ Daniel L. Goodwin, President

06/04/2012

** Signature of Reporting Person

Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person,
see
Instruction
4
(b)(v).